China Yuchai International Limited (CYD) said its main operating subsidiary, Guangxi Yuchai Machinery Company Limited, or GYMCL, has pursuant to a Framework Agreement entered into with Jirui United Heavy Industry Co., Ltd., a company jointly established by China International Marine Containers Group Ltd and Chery Automobile Co., Ltd., and Shenzhen City Jiusi Investment Management Co., Ltd incorporated Y & C Engine Co., Ltd. in Wuhu City, Anhui Province.
GYMCL and Jirui United each hold 45% in the JV company with Jiusi holding the remaining 10%. The main business of the JV company will be the production of heavy-duty vehicle engines with the displacement range from 10.5 litres to 14.0 litres.
The company noted that the key focus of the JV company is the production of YC6K diesel engines, a new GYMCL product for use mainly in trucks of 12 metric tons and above, and for passenger coaches exceeding 12 meters in length. In addition to the YC6K diesel engine, GYMCL will also license the JV company to manufacture the YC6M and YC6L heavy-duty diesel engines under the "Yuchai" logo and trademark.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.